Dubai Debt may be higher than $ 80 billion

Dubai, whose state run companies are seeking to defer debt payments, may owe more than the $80 billion to $90 billion in liabilities.
perhaps Dubai's debt includes size able off-balance sheet liabilities that imply a total debt burden will above the $80 billion to $90 billion markets have estimated so far. this could imply that the debt issued by Dubai in recent weeks is insufficient to meet upcoming redemption.
Dubai, which has said it will raise as much as $20 billion selling bonds to repay borrowings, said on November 25 that state run Dubai World, with $59 billion liabilities, would ask creditors for a standstill agreement as it negotiates to extend debt maturities.